https://www.taxtmi.com/caselaws?id=37577 The Tribunal was found competent to adjudicate on whether guarantee commission, stamp charges, and interest were part of the actual cost for depreciation claims. The expenditure on guarantee commission and stamp charges was deemed part of the actual cost, in line with precedent. However, the Tribunal's exclusion of interest on unpaid price from the actual cost was overturned. The court emphasized that interest on deferred payments was essential for asset acquisition and should be included in the actual cost. The Tribunal's direction for re-decision on depreciation and rebate was deemed unnecessary. The assessee prevailed, and the revenue was ordered to cover costs. en-us Thu, 15 Jun 1978 00:00:00 +0530 Tue, 30 Mar 2010 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37577 The Tribunal was found competent to adjudicate on whether guarantee commission, stamp charges, and interest were part of the actual cost for depreciation claims. The expenditure on guarantee commission and stamp charges was deemed part of the actual cost, in line with precedent. However, the Tribunal's exclusion of interest on unpaid price from the actual cost was overturned. The court emphasized that interest on deferred payments was essential for asset acquisition and should be included in the actual cost. The Tribunal's direction for re-decision on depreciation and rebate was deemed unnecessary. The assessee prevailed, and the revenue was ordered to cover costs. Case-Laws Income Tax Thu, 15 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37577